Loan Portfolio of Canadian Lenders
| Bank & Year | Residential + HELOC ↑ ($ Million) | Personal Loans (Excl. HELOC) + CC ($ Million) | Business & Gov. ($ Million) |
|---|---|---|---|
| RBC 2019 | 348,609 | 72,043 | 219,390 |
| RBC 2024 | 517,009 | 94,438 | 376,005 |
| TD 2019 | 338,032 | 114,288 | 252,353 |
| TD 2024 | 466,210 | 134,460 | 357,203 |
| Scotiabank 2019 | 289,204 | 95,384 | 212,972 |
| Scotiabank 2024 | 374,238 | 100,456 | 292,819 |
| BMO 2019 | 161,384 | 38,951 | 251,202 |
| BMO 2024 | 247,517 | 49,862 | 385,352 |
| CIBC 2019 | 229,952 | 35,106 | 134,965 |
| CIBC 2024 | 300,272 | 47,632 | 214,299 |
| National Bank 2019 | 80,214 | 16,223 | 57,492 |
| National Bank 2024 | 124,431 | 20,222 | 99,720 |
RBC, followed by TD, are the market leaders, each with loan portfolios approaching $1 trillion. More than 55 Banks and credit unions outside the Big 6 Banks and Desjardins collectively hold only 11% of the market share.
Key Points:
1️⃣ Residential Loan Contributions:Real estate loans make up 48% of the total loans held by the Big 6 banks. Excluding BMO, where real estate loans make up 36% of its portfolio, real estate loans represent 49% or more of the total loan portfolios for the remaining Big 6 banks.
2️⃣ Portfolio Growth:Over the past five years, the loan portfolios of major banks have experienced significant growth. National Bank, RBC, and BMO lead with growth rates of 59%, 54%, and 51%, respectively.
3️⃣ Largest Non-Chartered Bank Players:Desjardins and ATB are the largest players outside the chartered banks monitored by OSFI.
4️⃣ International Loan Portfolios:- 🔹 Some Big Banks, such as TD and BMO, have substantial loan portfolios in the U.S.
- 🔹 Scotiabank has the highest proportion of loans outside Canada and the U.S.
- 🔹 Of the total loans of $5.2 trillion, approximately $932 billion are in the U.S., while close to $306 billion are outside both Canada and the U.S.
5️⃣ Big 6 Banks + Desjardins market share:
- 🔹 RBC: $987B (19.1%)
- 🔹 TD: $958B (18.5%)
- 🔹 Scotiabank: $768B (14.8%)
- 🔹 BMO: $683B (13.2%)
- 🔹 CIBC: $562B (10.9%)
- 🔹 Desjardins: $342B (6.6%)
- 🔹 National Bank: $244B (4.7%)
- 🔹 Other 55+ financial institutions: $632B (12.2%)
Follow us on social media for more posts
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.